President Trump is set to sign a deal with China on Wednesday. The agreement relaxes some U.S. tariffs on Chinese imports. In exchange, China is expected to buy more from the U.S.
President Trump has reversed himself and decided not to impose tariffs on steel and aluminum imported from Brazil. Financial markets were rattled when he abruptly announced a 25% tax on Dec. 2.
The U.S. economy is still growing, but trade tensions have taken a toll — especially on factories and farms. The trade war's impact on the overall economy is being debated.
"A China trade deal is dependent on one thing — do I want to make it," the president said, adding, "In some ways, I like the idea of waiting until after the election for the China deal."
The U.S. government is letting American businesses work with Chinese tech giant Huawei for an additional three months, in a third delay to a ban enacted in May for national security reasons.
President Trump says a mini trade agreement with China could happen "soon," but he offered no guarantees. In a speech to the Economic Club of New York, Trump downplayed the cost of his trade war.
The Federal Reserve cut interest rates by a quarter percentage point Wednesday, in an effort to support an economy that continues to tap the brakes. Economic growth in the third quarter was just 1.9%.
GDP numbers out Wednesday show the U.S. economy lost some steam in the third quarter. President Trump is banking on a strong economy as his ticket to a second term.
A Florida company has found a way to sidestep the Trump administration's new, 25% tariffs on French wine. The company is importing bulk wine by the truckload tariff-free and bottling it in the U.S.
China is considered the motherland of aquarium goldfish, bred over centuries into rare forms. Now tariffs have some U.S. sellers of these goldfish in a tailspin.
The Commerce Department added 28 Chinese security bureaus and tech firms to the Entity List, including Hikvision, a leading producer of video surveillance and face recognition technology.
The U.S. has spent millions to get China to embrace the unknown fruit — and it did. Now, tariffs have driven China to buy its cranberries from other countries, leaving U.S. farmers in the lurch.
U.S. employers added 136,000 jobs in September — a sign of continued resilience in the labor market amid growing signals that the economy is losing steam. The jobless rate was the lowest since 1969.
President Trump signed a partial trade agreement with Japan that promises lower tariffs on U.S. farm exports. The deal does not address Trump's threat to impose a tariff on Japanese cars.
With more imports from China facing tariffs, some companies are trying to avoid the taxes by falsely labeling Chinese products as made elsewhere. One case traces to a dusty factory in the Philippines.
Manufacturing activity in the U.S. shrank last month for the first time in three years. Factories are especially sensitive to international forces, including the ongoing trade wars.
As the trade war drags on, more manufacturers are looking to relocate from China to avoid Trump's tariffs. A firm that sells Isaac Mizrahi's clothing line has already shifted much of its production.
President Trump recently tweeted that American companies would be better off without China. But many American companies earn a significant portion of their profits there.
The president said he was having second thoughts after hiking tariffs on Chinese goods and threatening to force U.S. companies out of China. The White House said his comments were misinterpreted.
The president vowed to respond after China said it will slap tariffs on $75 billion of autos and other U.S. goods. And he "ordered" U.S. firms to stop doing business with China. Stocks fell sharply.
The Trump administration tweaked its list of Chinese imports subject to a 10% tariff this fall. We found some surprises buried in the thousands of tariff line items.
The Trump administration is postponing some tariffs on Chinese imports set to take effect on Sept.1. Tariffs on laptops, cellphones, some clothing and other items are now set to begin Dec. 15.
